American Express Buys Tock Dining Reservation Service [The New York Times]
Squarespace, Inc. Class A (SQSP)
Company Research
Source: The New York Times
The credit card giant American Express has acquired Tock, a restaurant reservation and event management company, from the digital commerce platform Squarespace for $400 million, American Express said on Friday.The purchase of the reservation system in an all-cash deal shows that American Express is continuing its pursuit of the market for dining-related services, especially after itsacquisition in 2019 of Resyit saidRestaurants were a growing spending category for American Express cardholders, reaching a “high watermark” of $100 billion in transactions in 2023, Howard Grosfield, president of the U.S. consumer services division, said in an interview on Friday.“The passion and interest in dining and dining-related experiences just continues to grow,” Mr. Grosfield said.Tock and Resy broker some of the dining world’s most coveted reservations.Nick Kokonas, a former derivatives trader and an owner of the Chicago fine-dining restaurantAlineaprepaid reservations and depositsRestaurants, bar
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- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SQSP, OSG, AGR on Behalf of ShareholdersAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SQSP, VAPO on Behalf of ShareholdersGlobeNewswire
- The Schall Law Firm Is Starting An Investigation Into Allegations Against Squarespace Inc And Urges Shareholders To Make ContactAccesswire
SQSP
Earnings
- 5/7/24 - Beat
SQSP
Sec Filings
- 6/21/24 - Form 8-K
- 6/20/24 - Form 4
- 6/18/24 - Form 144
- SQSP's page on the SEC website